Ahmedabad based Bhagwati Banquets & Hotels has chalked out an expansion plan
with the intention of setting up hotels in Vadodara, Nagpur, Pune, Hyderabad,
Indore, Nadiad, Mumbai and Bangalore.
While most of the new properties will be under management contracts on
revenue sharing basis, the company plans to infuse Rs 300 crore for its own
properties. These are to come up Nagpur, Pune and Vadodara.
Currently, the company has The Grand Bhagwati in Surat which will be
operational from July 2010. A sum of Rs 200 crore has been spent on the hotel
which comprises 170 rooms spread over an area of six lakh sq ft.